Last week, JC announced that soon, your empowr balances would be stabilized so that the value of your balance remains the same regardless of the empowr coin price.

Today I’m happy to announce that those features are ready to go live.

Over the next 24 hours, you’ll notice a series of updates across the site including:

1.The stabilizing of your balance

2.Displaying prices in your local currency

3.Marketplace listings on-hold

Let’s discuss what you can expect as a result of each.

The stabilizing of your balance

As discussed in JC’s post, the empowr engineers will be putting in place the functionality that allows you to maintain the value of your coin balance regardless of the price of the empowr coin.

What you can expect

Every time you earn coins on empowr, your earnings will now maintain the same value regardless of the empowr coin price. This includes your founder coins and legacy coins.

If you are viewing your balance in empowr coins, you’ll notice that the number of coins in your balance will increase or decrease as the price of the coin fluctuates. If you are viewing your balance in your local currency (such as U.S. Dollars), however, your balance will remain the same regardless of the price of the coin.

Now you can be confident that every time you earn (from selling, coaching, hitting your goals, etc.) that the value of your balance will never fluctuate based on the price of the empowr coin.

Don’t know how to change the currency displayed in your balance? Just click the down arrow next to your balance at the top of any page and you can select from over 100 currencies:

Displaying prices in your local currency

In addition to stabilizing everyone’s balances, the empowr engineers will also be updating the pricing logic across the site to display the price of almost everything in your favorite local currency (instead of in empowr coins):

This update will not only make the site more user friendly for buyers, but it will also make it easier for sellers to price their listings competitively because they have full control over the cost of the item without any fluctuations due to the empowr coin price increasing or decreasing.

Marketplace listings on hold

With the value of your balances now intact, and the pricing of everything displayed in your local currency, we will need to reset all marketplace activity prior to December 26th so that there are not any conflicts with listings previously priced in empowr coins versus listings priced in another currency.

What you can expect

A. Marketplace listings are now displayed in your local currency

When you create a new (or edit an existing) marketplace listing, you can now store the pricing information for that listing in your local currency.

When your listing is viewed by others on your profile or in the marketplace, they will see the cost in their own local currency based on the real-time conversion rate.

B.All marketplace listings have been paused

All active fixed price and auction listings will soon be paused, and the pricing for each listing will be set to the minimum possible price in your currency.

To make your listings active again, simply visit your I’m Selling page, click on the listing you want to publish, and update your pricing data at the amount you wish to sell each item for.

C.Sales and refunds will be added to your legacy coin balance

Any amount earned (from “item received” or refunds) from sales that were initiated prior to December 26th will be automatically added to your legacy coin balance. From there, your coins will retain their value and you can release them to your main coin balance at any time.

Any coins earned from sales initiated after December 26th will continue to be added to your main coin balance as they are earned.

And that’s it!

With your balances now stabilized, the empowr as you know from JC’s last post, engineers are moving their attention to some very exciting marketplace features that will make it BOTH 100 times easier for shoppers to find the products that they want, AND the same for sellers to earn profits. Stay tuned for full details on that soon!

169 CommentsSort:

These are lovely improvements for the marketplace and would make trading much more simplified. The prices of listings regardless of the present coin value would now look stable across the platform.Thanks for the updates.Happy New year in advance.

Hi JC,Carlos, And The Whole Team!!... Great Update...I M Very Happy... I Do Have A Question, I Have Many Sold Items, Who Never Has Been Marked Received, For Some Reasons!!... I Dindn't Dispute Yet, Because Its not Good For My Green Baarre, Right?Since Empowr Check Every Single Sales(Because Of The Fraudster)... Would Those Items, Will Be Automaticly Marked Receceived, And I Will Get Paid?... Or Do I Have To Dispute, Witch I Hate... And Get The Concequetions?Thanks!!!Happy Hollydays Everybody!!... And 2019..Here We Come"")Val.

Hello Valerie. Thank you for your comment and question. No. All pending transactions will stay as they are. If you want to receive the coins from your sales you need to dispute them. Disputes only affect your progress bars if you are the one causing the dispute. For example: If you haven't delivered a product, or marked it as received. If you dispute and can present proof of delivery, you will get your coins and the buyer reputation will be affected.I suggest that you dispute those transactions so you can receive your coins (as long as you can present proof of delivery).

Carlos or JCCan you tell me why my Power Level is gone today? I was Pearl Star. Bidding bar also.https://prnt.sc/m4cljr

I copied this from the blog:Why is my pre-coin balance so high?As a ‘thank you’ to our longest standing empowr citizens, we’ve given you $1 USD in pre-coins, for each pre-coin you had before this process.The result is that you will never again have issues upgrading to your highest power level desired regardless of the coin price, at least for many years to come.It also means that when you hit your daily goal and spin the mission wheel, you should always have enough pre-coins to convert into coins, also for a long time to come.Thank you in advance

This site deserves to be modified from the ground, if we continue, so the number of empowered citizens will decrease every day.That's what like, share, and bidding ... it's not the only way to succeed! The quality of the posts and the products sold should be interesting!It's time for us to have some basic rules at the beginning of the year that will be kept holy ... my opinion, otherwise everything goes from rape!I hope these new features are auspicious!We will live and we will see !Merry Christmas !

Of course I know !
Who can do the job here ... Newcomers do not have the interest to get involved, they have transferred some coins for the beginning, they do not know for what?
I am old here, I have some experience ... I am part of the "lot I have done many experiments" I hope they will not be endless !!!
I've invested money, I'm trying to get my contribution as much as I can, the results are too much to be expected!

I am very happy with this update. I find the endless rows of figures so confusing. Maths isn't my strongest point and for me, it makes a difference when there are only a few figures to be read. Thank you, Carlos & team.

Correct me if I am wrong, but I don't see how you're stabilizing anything at all, here!

From the side of the seller: If I sell something today, worth, say $100, I receive coins of that value, at the rate of the day my item sold, is marked as received. By the time I get these coins in my hands, in order to use them -not to profit but, to renew my inventory, they worth, say, $50!

From the side of the buyer: If I have coins worth $100 and I want to use them to buy an item today, by the time I am ready to mark it as received, the $100 worth coins I had at the time of purchase, worth now, say, $60 and I have to use the ethers I have in my wallet -if I have enough.

The destabilizing factor, obviously, is related to the fact that you are issuing billions of coins everyday. Yesterday the coins in circulation were 1,356,255,899,800 and today are 1,461,774,994,630!

The sooner you understand that the inflation caused by this unrestrained issuance of new coins is catastrophic for the marketplace, the better.

Suppose that today I have coins worth $10 (say for example, that I have 1,000,000,000 coins) and I bid for an item of same value ($10). Suppose that there are no other bidders and that I win the auction at the price of $10. Suppose that after the auction has ended I still have these 1,000,000,000 coins but they're equal to $7, then, because of the constant devaluation. What happens in this case?

a) Suppose that in my wallet I have ETH to cover the (10-7=) $3 missing. Would the system withdraw $3 value of ETH from my wallet, to cover the transaction? If so, who would be the beneficiary of my ETH? The seller or empowr will withhold the ETH, giving coins to the seller?

b) What would be the case if in my wallet I have only ETH less than the $3 missing, of the example?

Hello Air. Thank you for your questions.
As you know, when you bid no coins are deducted. Your coins only get deducted in when you confirm the payment.
You can place bids even if your coins balance is not enough to cover for the transaction.
At the moment of the payment the system will check your payment settings and deduct accordingly.
If you don't have coins to cover all your payment the system will try to use Ether in your wallet to complete the payment.
All payments to the buyer are made in coins.

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